Royal Philips of the Netherlands is a diversified technology company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Philips Healthcare is a part of Philips Electronics & they are a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. Their solutions are helping professionals deliver an enhanced, more efficient level of care. And it’s helping them stand out in the eyes of their patients and the healthcare industry. In 2012 the Healthcare business accounted for approximately 41 percent of Philips’ overall sales, the company’s largest contributor to sales.
As a health care company, they’re committed to provide innovative technology and services that enable health care providers to achieve clinical excellence; Philips Healthcare faces additional ethical and compliance challenges and obligations. So they have supplemented the GBP with a health care compliance program.
